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Mar 22, 2012
03/12
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the u.s. economic recovery, susie. and markets were also troubled by a report today from europe, showing manufacturing activity in france and germany is shrinking, signaling europe still is in recession. the dow fell 78 points, recovering from a triple-digit loss earlier in the session. the nasdaq lost 12 and the s&p off ten. >> susie: joining us now, nick colas, chief market strategist at convergex group. hi, nick. >> hi, how are you. >> susie: i'm good, thank you. so china has been such an engine of growth. and you know, what's the truth about was's going on here. is it really a serious slowdown or are the fears loafer blown? >> so far it seems to be just the attempts of the chinese government to create a slowing chain ease economy. not to crash the economy. but because the economy has been growing so quickly for so long it has created a lot of imbalances and so investors are certainly worried that chinese policymakers attempt to slow the economy will result in what they call a hard landing
the u.s. economic recovery, susie. and markets were also troubled by a report today from europe, showing manufacturing activity in france and germany is shrinking, signaling europe still is in recession. the dow fell 78 points, recovering from a triple-digit loss earlier in the session. the nasdaq lost 12 and the s&p off ten. >> susie: joining us now, nick colas, chief market strategist at convergex group. hi, nick. >> hi, how are you. >> susie: i'm good, thank you. so...
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Mar 28, 2012
03/12
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KRCB
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will israel invade iran, will the u.s. have a blockade >> tom: that's of what ifs. >> the bottom line is we believe hoil prices are going higher. we believe gasoline priepss in the u.s. are going higher. >> tom: shelley goldberg from roubini global economics. >> susie: bank of america wants to spread its reach. the nation's second largest bank plans to expand its operations all around the world, according to today's "wall street journal." reportedly, the giant bank is assembling an international advisory board to help it boost its presence in global markets. does a potential move into international markets mean bank of america has resolved its troubles on the home front, or is the newanking gia despate r nerevenue? bank of america's revenue outside the u.s. climbed to almost $20 billion last year, up more than 30% from the year before. but still, the bank's international operations account for only 20% of total revenues. the focus on global opportunities comes as b-of-a continues wrestling with mortgage troubles inherited
will israel invade iran, will the u.s. have a blockade >> tom: that's of what ifs. >> the bottom line is we believe hoil prices are going higher. we believe gasoline priepss in the u.s. are going higher. >> tom: shelley goldberg from roubini global economics. >> susie: bank of america wants to spread its reach. the nation's second largest bank plans to expand its operations all around the world, according to today's "wall street journal." reportedly, the giant...
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Mar 8, 2012
03/12
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KQED
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are you planing on building in the u.s. soon? >> probably the largest lng -- we're the largest lng player out there on a global basis. we look at the north american market and say the fundamentals are here for liquefied natural gas export to other parts of the world. we think that likely happens first in can da because canada needs less of that natural dz itself. it's primed for export because of the iement of resources found in the u.s. are pretty astounding as well. i think the real political debate will be do we export liquefied natural gas from the u.s. shell is looking at those projects and evaluating those and pushing very hard on one in canada. and pushing in >> there's been opposition to drilling in the united states, is that a problem going forward? >> it is a problem and a valid problem, because there's a lot of real concerns out there about what does this development to to quality of water and in terms of air emissions. i think those are growing pains, because when you get down to the science and the facts, and a real
are you planing on building in the u.s. soon? >> probably the largest lng -- we're the largest lng player out there on a global basis. we look at the north american market and say the fundamentals are here for liquefied natural gas export to other parts of the world. we think that likely happens first in can da because canada needs less of that natural dz itself. it's primed for export because of the iement of resources found in the u.s. are pretty astounding as well. i think the real...
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Mar 20, 2012
03/12
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the u.s. economy? history says probably not. >> companies used most of it to basically pay dividends and buy back stocks. >> susie: then, worries that china's red hot economy is cooling down set a sour tone for trading here in the u.s. it's "nightly business report" for tuesday, march 20. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. china was the talk of wall street today. investors sold stocks, worrying the world's second largest economy could be slowing down, susie. >> susie: tom, a slowdown in china has been an ongoing concern, but today, there were two fresh reasons for the jitters. china raised prices for gasoline and diesel fuel by as much as 7%, the second price hike in less than six weeks. also, the c.e.o. of bhp billiton, the world's largest mining company, said china's steel production is slowing. the dow fell almost 70 points, the nasdaq
the u.s. economy? history says probably not. >> companies used most of it to basically pay dividends and buy back stocks. >> susie: then, worries that china's red hot economy is cooling down set a sour tone for trading here in the u.s. it's "nightly business report" for tuesday, march 20. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good...
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Mar 7, 2012
03/12
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WMPT
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u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department today cut its outlook on demand, expecting it to fall to a 15-year low this year. commodities were weak across groups. copper fell by more than 3%. gold was down 2%, settling below $1,700 an ounce. and corn dropped 1%. and that's tonight's "market focus." what consumers see as a financial challenge, some see as an opportunity. diane estabrook is in houston where she's been talking to companies hoping to cash in on the global demand for fuel. how soon could we see some of these fuels come to market? >> tom, wouldn't it be nice if we could see them here this summer at the pump. but i don't think it going to happen that quickly. however some of these companies think they should be able to -- one of the companies is sell sell aknees and it makes -- celanese. >> today cole is plentiful in many countrys in asia. there's present of cole in china, but not very much oil and they're looking
u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department today cut its outlook on demand, expecting it to fall to a 15-year low this year. commodities were weak across groups. copper fell by more than 3%. gold was down 2%, settling below $1,700 an ounce. and corn dropped 1%. and that's tonight's "market focus." what consumers see as a financial challenge, some see as an opportunity. diane...
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Mar 19, 2012
03/12
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u.s. the remaining of that 100 billion is offshore and not readily available to shareholders so they can't really use if for this type of purpose. but that become said, recash flow is expected to be about $45 billion for this year alone. so there's definitely plenty of cash that's going to be left on the table. but you know what, that gives them opportunities to spend on r & d, to do expansion plans and even potential ago which-- acquisitions, so the best part too is that they can increase the dividend down the road. it leaves dry powder. >> susie: no matter what the criticism is, still many analysts today are already forecasting for apple stock to hit $700. some were even sailing 750. so what's your view on the stock. is this time to buy are or time to take your profits. >> you know it is skarby when you look at the stock chart. i mean it's practically going straight up. and the analysts like you said can't even keep up with it. they are increasing their price target every day. but i do t
u.s. the remaining of that 100 billion is offshore and not readily available to shareholders so they can't really use if for this type of purpose. but that become said, recash flow is expected to be about $45 billion for this year alone. so there's definitely plenty of cash that's going to be left on the table. but you know what, that gives them opportunities to spend on r & d, to do expansion plans and even potential ago which-- acquisitions, so the best part too is that they can increase...
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Mar 1, 2012
03/12
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according to the u.s. department of agriculture, a middle-income, two-parent household will spend nearly $227,000 just to raise a child to age 18. add another $100,000 if you're planning on paying for four years of college and you can see the need for a frank discussion about finances. are your financial goals aligned? where do you want to be five, ten, 20 years from now? disagreement over money is one of the top reasons marriages end in divorce, but talking about money and setting joint financial goals will go a long way toward easing the stress and achieving peace of mind. give yourself the advantage. start the conversation now. i'm karen gibbs. >> susie: here's what we're watching for tomorrow: we'll see the latest numbers on weekly jobless claims as well as earnings from martha stewart living omnimedia and wendy's. the nation's automakers post their february sales numbers, and we take a speedy spin around the block with the head of ferrari north america, where sales are zooming. >> tom: that's "nightly
according to the u.s. department of agriculture, a middle-income, two-parent household will spend nearly $227,000 just to raise a child to age 18. add another $100,000 if you're planning on paying for four years of college and you can see the need for a frank discussion about finances. are your financial goals aligned? where do you want to be five, ten, 20 years from now? disagreement over money is one of the top reasons marriages end in divorce, but talking about money and setting joint...
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Mar 21, 2012
03/12
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the u.s. supreme court takes up the case against president obama's health care reform law next monday. and tom, over three days the high court will hear arguments on the constitutionality of the act passed two years ago. >> tom: susie, the most controversial part of the law is the president's plan to insure the roughly 30 million americans who have no health insurance, the so-called individual mandate requiring americans to buy insurance or pay a penalty. the high justices could overturn all or parts of the law. it could also be upheld. the last time the supreme court devoted six hours to oral arguments was 44 years ago with the voting rights act. >> susie: well, leading up to the historic arguments, tonight, we begin a special series on the future of healthcare reform. we begin with suzanne pratt with a look at healthcare stocks. >> reporter: while the future of u.s. healthcare reform is debated in washington next week, healthcare investors around the globe will no doubt be listening. after a
the u.s. supreme court takes up the case against president obama's health care reform law next monday. and tom, over three days the high court will hear arguments on the constitutionality of the act passed two years ago. >> tom: susie, the most controversial part of the law is the president's plan to insure the roughly 30 million americans who have no health insurance, the so-called individual mandate requiring americans to buy insurance or pay a penalty. the high justices could overturn...
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Mar 6, 2012
03/12
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then it would not be surprising for the u.s. to take action. >> reporter: but the israelis are clearly worried their military is running out of time to act. and if israel attacks iran's nuclear sites, it can count on economic support from some persian gulf nations. >> i would expect the saudis to try and pick up production. they don't like the prospect of an iranian nuclear weapon no more than we or the israelis do and so they'll do to everything they can to help their confrontation but the question is how much can they crank up supply and how much do they have to off-set. >> reporter: some analysts predict iran would retaliate to a military strike with rocket attacks on israel and saudi arabia and on u.s. troops in afghanistan. it could also close down the strait of hormuz, choking off supplies, sending oil shooting above $200 a barrel. but raymond tanter, a self- described hawk on iran, is less concerned. he says iran has no allies and few good options. >> if iran wants the united states in the military fight along side israel
then it would not be surprising for the u.s. to take action. >> reporter: but the israelis are clearly worried their military is running out of time to act. and if israel attacks iran's nuclear sites, it can count on economic support from some persian gulf nations. >> i would expect the saudis to try and pick up production. they don't like the prospect of an iranian nuclear weapon no more than we or the israelis do and so they'll do to everything they can to help their confrontation...
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Mar 8, 2012
03/12
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u.s., the focus is jobs. many of the new ones arein a n . 'll tell y who's hirg. it's "nightly business report" for thursday, march 8. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. u.s. stocks posted a second day of solid gains as investors continue focusing on greece and whether or not its lenders will take losses on their loans. >> susie: tom, we're hearing that over 85% of bond holders have agreed to swap their greek i.o.u.s for new ones, even if that means they will get less money. but the deal would allow greece to get another round of bailout money, avoiding a messy default. >> tom: the threat of greece has been hanging over the global economy for months. today, u.s. treasury secretary timothy geithner tells nbr in an exclusive interview, he thinks americans can be more confident now that troubles in europe won't be a huge problem here. the
u.s., the focus is jobs. many of the new ones arein a n . 'll tell y who's hirg. it's "nightly business report" for thursday, march 8. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. u.s. stocks posted a second day of solid gains as investors continue focusing on greece and whether or not its lenders will take losses...
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Mar 12, 2012
03/12
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zoll will run as a separate unit, expanding asahi's u.s. healthcare operations as it seeks to diversify its businesses. china's largest online video company youku said today it's buying china's number two online video firm tudou holdings for over $1 billion in stock. both companies had been locked in a bitter dispute over copyrights, which recently settled the merger will mean cost-cutting and allow the parties to concentrate on their video platforms. together youku and tudou make up over a third of china's online video market. tudou shares exploded to the upside, more than doubling. youku shares also got a nice boost as well. rising almost 24%. and finally tonight, yahoo is suing facebook over ten patents, including advertising methods and systems on the web. the lawsuit filed in san jose, california today is the first major legal battle between technology giants in social media. shares of yahoo closed at $14.49, down 1%. and that's tonight's market focus. >> susie: in tonight's word on the street: change. a new c.e.o. took over today of t
zoll will run as a separate unit, expanding asahi's u.s. healthcare operations as it seeks to diversify its businesses. china's largest online video company youku said today it's buying china's number two online video firm tudou holdings for over $1 billion in stock. both companies had been locked in a bitter dispute over copyrights, which recently settled the merger will mean cost-cutting and allow the parties to concentrate on their video platforms. together youku and tudou make up over a...
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Mar 27, 2012
03/12
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KQED
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low-interest rates in an environment where the u.s. economy is getting stronger is something that ultimately we think would benefit equities. and that's why you saw equity markets hayer today while bond yields remain near historic lows. >> want to get your take on what investors should be doing because in another capacity you advise the investment strategist at barclays. there's been a move to tell investors put your money more in stocks, less in treasuries. where do you stand on that stocks or bonds. >> that's right. so we took a fairly aggressive position last december thinking that the market had gotten too negative based on events in europe. and we thought it was time to reengage in a more risky strategy. favor equities over treasuries, for example. we have gotten a lot out of equities since then. we still think that there is some room to go. we think ultimately that investors will be rewarded for remaining in equities and in particular in u.s. equities. so where we consult, where we've advised investors is to stay near the u.s. wh
low-interest rates in an environment where the u.s. economy is getting stronger is something that ultimately we think would benefit equities. and that's why you saw equity markets hayer today while bond yields remain near historic lows. >> want to get your take on what investors should be doing because in another capacity you advise the investment strategist at barclays. there's been a move to tell investors put your money more in stocks, less in treasuries. where do you stand on that...
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Mar 23, 2012
03/12
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WMPT
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toward the end of my active service in the u.s. army, i was talking to a colleague about the job waiting for me after my discharge. it entailed managing 17 people and a pretty big budget. certainly different from what i had done before. "so, how are you feeling," he asked. "truthfully," i said. "scared!" he smiled and nodded and then said this, "well, if you ain't scared, it ain't big enough for you. his voice has echoed in my ears. i now see most of the truly important steps forward i have made over the last 40 years since that day have come when there were plenty of unknowns lying in my path and plenty of challenges to face. there's nothing wrong with playing it safe, but if you asked most business people if they have achieved their goals through safety or taking calculated risks, risks would win. being a little scared calls upon that innovative side of our brain and makes us find connections and ways to proceed that aren't immediately apparent. promise to scare yourself a few times in the next month. maybe you'll find your past
toward the end of my active service in the u.s. army, i was talking to a colleague about the job waiting for me after my discharge. it entailed managing 17 people and a pretty big budget. certainly different from what i had done before. "so, how are you feeling," he asked. "truthfully," i said. "scared!" he smiled and nodded and then said this, "well, if you ain't scared, it ain't big enough for you. his voice has echoed in my ears. i now see most of the truly...
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Mar 14, 2012
03/12
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and the u.s. complaint filed with the world trade organization claims china uses quotas, duties, and red tape to restrict exports that might help high-tech companies move back to the united states. jeff green represents companies that want to mine for rare earth minerals in the united states. he says today's trade complaint may result in lower prices for manufacturers, but it won't break china's lock on the market. green says the trend to china is one reason molycorp, a large u.s. producer of rare earths, is now expanding overseas. >> the largest producer of rare earths, just last week, announced the intention to buy a company with operations in china, which will actually exacerbate the export of rare earth materials from the u.s. into china, further feeding their supply chain. that's a capability we need to develop here at home. >> reporter: the chinese say they are trying to conserve a scarce natural resource and protect their environment. but the obama administration dismisses those arguments,
and the u.s. complaint filed with the world trade organization claims china uses quotas, duties, and red tape to restrict exports that might help high-tech companies move back to the united states. jeff green represents companies that want to mine for rare earth minerals in the united states. he says today's trade complaint may result in lower prices for manufacturers, but it won't break china's lock on the market. green says the trend to china is one reason molycorp, a large u.s. producer of...